Market Update: Mind The Gap The market is finally pulling back from extremely overbought conditions. The Dow Industrial’s closed at 23,329 which is almost 1,000 points above its 50 day moving average line (22,373). That’s a big “gap” between the current price and a perfectly normal area of support. Be mindful of over the next…
There is an important tool in my toolbox that helps me successfully navigate capital markets and that is to buy weakness in uptrends. When in a bull market, it is a series of higher highs and higher lows. In addition to buying strength (only buying breakouts) is to step up and buy weakness in strong uptrends. It is…
Market Update: Market Trivia The market remains very strong as it simply refuses to fall in any meaningful fashion. Yesterday, the Dow was down 54 points and today futures are up 58. Until any meaningful selling shows up, the bulls remain in clear control of this market. 1/3 of the companies in the S&P 500…
Here are two primary ways to find and own monster stocks: 1) Identify Shared Characteristics Before you can find the next monster stock, it is important to understand the broader concept of what characteristics most monster stocks share before their explosive moves. Let’s look at Starbucks for example. The idea is to find and own…